USAID and HP come together for a noble cause
USAID, United States Agency for International Development, along with HP, has announced the signing of an MOU (Memorandum of Understanding), which is primarily focused on helping both the organizations to take care of the urgent needs of those who live below the poverty line. USAID has been taking initiatives of social responsibility since it was incepted way back in 1961, but now; HP seems to have joined them to create a benchmark in the corporate social responsibility domain.
The basic motive of this collaboration is also to join the projects that help in promoting engineering, science, technology, and global health programs. Further, it also takes the responsibility for the development of mineral trading systems along with other programs, supporting the economic opportunity via entrepreneurship.
Dr. Maura O'Neill, USAID Chief Innovation Officer said: "Partnerships at USAID are more than just the dollars leveraged. They provide access to expertise, technologies, and innovations found in the private sector, which when combined with USAID's technical expertise and in-country knowledge, often result in high-impact development projects that can be sustained long after public funding ends. This MOU is an example of our commitment to integrating public-private partnerships into development."
"HP's approach to corporate social responsibility is grounded in the belief that corporate success and social contribution are interdependent. We share USAID's commitment to public-private collaboration as it represents a sustainable high-impact approach to international development," said Gabi Zedlmayer, Vice President of Global Social Innovation, HP.
Let’s see how far this alliance helps in the initiatives mentioned above. USAID was set up in order to initiate such ventures and has already established over 1,000 partnerships, which have spawned cost-effective and successful outcomes.